Investing.com – The U.S. dollar was mixed against the other major currencies on Thursday, amid fresh fears that the global economic recovery is losing momentum after weak Chinese economic data.
During European morning trade, the greenback was down against the euro, with EUR/USD advancing 0.5% to hit 1.2296.
The euro advanced on hopes European banks would cope well with the expiry of a euro zone refinancing program later in the day.
The greenback was also down against the Swiss franc and the yen, with USD/CHF shedding 0.69% to hit 1.0702 and USD/JPY falling 0.15% to hit 88.31.
Earlier in the day, official data showed that Japans Tankan index of business confidence rose unexpectedly in the second quarter.
But the greenback was up against its Australian, New Zealand and Canadian counterparts, with AUD/USD shedding 0.25% to hit 0.8385; NZD/USD falling 0.007% to hit 0.6848 and USD/CAD rising 0.19% to hit 1.066.
The greenback was also up against the pound, with GBP/USD shedding 0.06% to hit 1.4934.
Earlier Thursday, official data showed that the United Kingdom's manufacturing purchasing manager's index rose less than expected in May, advancing to a seasonally adjusted 57.5 in May, following an advance of 58 in April.
Analysts had expected an increase of 57.6 in May.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.34%.
Later in the day, the U.S. was to release key data on initial jobless claims as well as data on pending U.S. home sales and a report on U.S. manufacturing prices.
During European morning trade, the greenback was down against the euro, with EUR/USD advancing 0.5% to hit 1.2296.
The euro advanced on hopes European banks would cope well with the expiry of a euro zone refinancing program later in the day.
The greenback was also down against the Swiss franc and the yen, with USD/CHF shedding 0.69% to hit 1.0702 and USD/JPY falling 0.15% to hit 88.31.
Earlier in the day, official data showed that Japans Tankan index of business confidence rose unexpectedly in the second quarter.
But the greenback was up against its Australian, New Zealand and Canadian counterparts, with AUD/USD shedding 0.25% to hit 0.8385; NZD/USD falling 0.007% to hit 0.6848 and USD/CAD rising 0.19% to hit 1.066.
The greenback was also up against the pound, with GBP/USD shedding 0.06% to hit 1.4934.
Earlier Thursday, official data showed that the United Kingdom's manufacturing purchasing manager's index rose less than expected in May, advancing to a seasonally adjusted 57.5 in May, following an advance of 58 in April.
Analysts had expected an increase of 57.6 in May.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.34%.
Later in the day, the U.S. was to release key data on initial jobless claims as well as data on pending U.S. home sales and a report on U.S. manufacturing prices.